#MarketRebound
XRP 💯💯💯☝️☝️☝️
The idea that XRP is "designed to reach $10,000" is a prominent theory within the XRP community, often attributed to Arthur Britto, one of the co-creators of the XRP Ledger.
Arguments for the $10,000 XRP theory often center on:
Network Efficiency: Proponents, like Jake Claver of Digital Ascension Group, argue that a higher XRP price makes the network more efficient for moving large sums of money. For instance, at a higher price, fewer XRP tokens are needed to transfer a significant amount of value, making transactions more streamlined.
Global Liquidity and Settlement: The vision is for XRP to become the primary bridge asset for global cross-border payments, replacing traditional systems like SWIFT.
If XRP were to truly underpin a vast portion of global finance, its value would need to be very high to facilitate such massive liquidity.
Institutional Adoption and Utility: Increased adoption by financial institutions and the full activation of XRP's utility features in global financial systems are seen as key drivers.
# Some analysts suggest that private ledgers and agreements with institutions could involve higher, fixed XRP prices.
Scarce Supply and Deflationary Mechanism: While a large circulating supply exists, a small amount of XRP is destroyed with each transaction, creating a deflationary pressure over time that could theoretically increase its value as supply diminishes.